Budgeting is an important part of a student’s life. As a student, you need to be smart and responsible when it comes to managing your finances. Here are the dos and don’ts of managing your budget.

How to Manage your Budget in Campus, Students money spending guide
How to Manage your Budget in Campus, Students money spending guide/Photo

 

Have limits on your spending’s

Limit the amount you spend daily, weekly or even monthly. This will in turn help you spend money on the essential things you require and help you differentiate between your “need” and “wants”. Your needs are the things you cannot do without like food, books and handouts while wants are the things you can do without

Spend your HELB loan wisely

Many students tend to look at their loans as free money and so they spend it irresponsibly. If you are a beneficiary of the HELB loan, you should ensure that you spend it wisely and on the right things.

Don’t desire to live someone else’s life

Students are always tempted to keep up with trends and their peers something that affects their spending habits. As a student, you should understand that your friends come from different financial backgrounds and trying to keep up with them will only harm you financially

Avoid gambling

Gambling can be very addictive and dangerous to a student. A gambling addiction all make you lose your student loan and allowances to betting sites. Try to avoid gambling at all cost and if you must, do it just for fun and not as a way of making money.

Stick to your budget

Try to stick to your budget and avoid making unnecessary adjustments that might affect you financially.

You can also read  Top Best 30+ Secondary, High schools in Kenya where most politicians studied

How do you manage your budget? Please let us know the comments section below.

Get our News on Facebook
  • You need an instant unsecured soft loan via mpesa?: Check our Loan Page Here
  • Learn how to buy and sell Bitcoins through Mpesa in Kenya: Read Our Detailed Article
  • Are you a book reader lover? Get novels/ebooks at an affordable price: Check Store
  • Want to Interact with us? Join our network, Download our App on Playstore here: KyoteApp
  • To contact us, use our forum community page: http://kyoteapp.com/kenyayote